Skyworks Solutions Inc (SWKS): Today's Featured Technology Winner

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Skyworks Solutions ( SWKS) pushed the Technology sector higher today making it today's featured technology winner. The sector as a whole closed the day down 0.9%. By the end of trading, Skyworks Solutions rose $3.54 (9.3%) to $41.50 on heavy volume. Throughout the day, 11,135,947 shares of Skyworks Solutions exchanged hands as compared to its average daily volume of 3,292,600 shares. The stock ranged in a price between $40.36-$41.97 after having opened the day at $41.50 as compared to the previous trading day's close of $37.96. Other companies within the Technology sector that increased today were: Sanmina ( SANM), up 14.5%, Net Element ( NETE), up 9.4%, Aetrium ( ATRM), up 8.6% and Medidata Solutions ( MDSO), up 7.9%.

Skyworks Solutions, Inc., together with its subsidiaries, provides analog semiconductors worldwide. Skyworks Solutions has a market cap of $7.0 billion and is part of the electronics industry. Shares are up 32.9% year to date as of the close of trading on Tuesday. Currently there are 11 analysts that rate Skyworks Solutions a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates Skyworks Solutions as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance, impressive record of earnings per share growth and compelling growth in net income. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook.

On the negative front, Zhone Technologies ( ZHNE), down 20.9%, Unisys ( UIS), down 11.5%, ChinaNet Online Holdings ( CNET), down 10.8% and Zix ( ZIXI), down 10.6% , were all laggards within the technology sector with Cree ( CREE) being today's technology sector laggard.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the technology sector could consider Technology Select Sector SPDR ( XLK) while those bearish on the technology sector could consider ProShares Ultra Short Technology ( REW).

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

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